CVS blankets Tennessee airwaves, enlists mass texts to fight Pharmacy Benefit Manager bill

By: Adam Friedman

Outlets: Tennessee Lookout

Published: March 19, 2026

Words: 628

Last Updated: 1 day, 22 hours ago

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Health care pharmacy chain CVS has spent $1.3 million on political TV advertisements across Tennessee to push back against a bill aimed at targeting its ownership of a pharmacy benefit manager, Federal Communications Commission public inspection files show.

Tennessee lawmakers want to ban a pharmacy from also owning a pharmacy benefit manager, or PBM, which negotiates drug reimbursement rates between insurance companies and pharmacies, essentially serving as a middleman.

CVS has warned that …

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